Sector rotation into metals ETFs has fueled optimism that demand for junior miners could expand into Q3 if dollar weakness persists. Supply and demand are out of touch: If the supply of silver is not keeping up with demand, it may cause the price of silver to rise. COMEX gold futures prices rose to over $2,800 per ounce in October 2024. While the price has corrected in post-election trading, gold remains more than ten times higher than the 1999 low as the two-and-one-half decade gold rally remains firmly intact. Monitoring SILJ stock price against macro data, traders anticipate movement with upcoming manufacturing PMI releases, given silver's industrial applications.
